Thank you! This clears up a lot.
Using the area method to calculate, How do I account for shared space in a rental?
The rental agreement gives the tenant full access to common areas which is where most of the depreciating assets are (refrigerator, etc)
So lets supposed the full unit is 820.
Do I subtract the unavailable part to include common areas? (Full sqft-my room, 820-250= 570 )
OR
Do I include just their part? (Their room plus their bathroom, 240)
Again that's
Full area 820
Tenant area 240
Landlord area (unavailable to tenant) 250
